Georgia's foreign direct investment inflows increased 32% year-on-year in the first three months of 2012, reaching USD 230 million, PM Nika Gilauri said on May 30.

FDI for fourth quarter of 2011 stood at USD 337 million, according to the state statistics agency, Geostat, which is expected to release preliminary FDI figures for this year's first quarter on June 11.

PM Gilauri said at a government session on May 30, that he was expecting FDI to exceed USD 1 billion by the year's end.